Nestle has faced challenges in delivering volume growth in recent years, largely due to multiple rounds of sizable price increases that have weighed on consumer sentiment, coupled with operational shortcomings. These included underwhelming innovation efforts, inconsistent execution with market share losses in some key business areas, and insufficient marketing investment behind strategic priorities.
Nestle is a Switzerland-based food processing company that manufactures and markets products such as bottled water, milk, chocolate, ice cream and pet food.